3 Firms X and Y are competitors. Suppose we have demand curves given byQ-A – bP, + cPyQy = F- gPy + hPx.What is the Firm Y diversion ratio? What is the Firm X diversion ratio?

Qx = A-bPx +cPy Qy = F - gPy +hPx

Answered: Firms X and Y are competitors. Suppose…

Firms X and Y are competitors. Suppose we have demand curves given by Q, = A-bP,+cP, Qy = F-gPy+ hPx. %3D What is the Firm Y diversion ratio? What is the Firm X diversion ratio?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Firms X and Y are competitors. Suppose we have demand curves given by
Q-
A – bP, + cPy
Qy = F- gPy + hPx.
What is the Firm Y diversion ratio? What is the Firm X diversion ratio?

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